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Updated about 8 years ago on . Most recent reply

Carlton McDaniels's profile image
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Carlton McDaniels
  • from Chicago , Il
  • Member since Nov 5, 2016
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Carlton McDaniels's profile image
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Carlton McDaniels
  • from Chicago , Il
  • Member since Nov 5, 2016
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Carlton McDaniels
  • Chicago , Il
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Starting Out

Gaining Passive Income

Carlton McDaniels
  • Chicago , Il
Posted
A few months back I bought a 2 Unit Bldg. I used a 203k to upgrade the bathrooms & kitchens in both units. I also reside in one of the units. I definitely want to do another one, I'm just trying to figure out if I want to do a flip of a multi unit or use as another rental property. Any feedback would be greatly appreciated.
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John Murray
  • from Portland, Oregon
  • Member since Jan 1, 2017
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John Murray
  • from Portland, Oregon
  • Member since Jan 1, 2017
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John Murray
  • Portland, OR
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John Murray
  • Portland, OR
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Passive income is the key to wealth. Flipping brings tax implications such as Social Security Taxation that you probably do not want.  

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